Mark Oida, Acting Chairman of the American Securities and Stock Exchange Committee (SEC), encouraged the co -industry to submit inputs on a proposed framework. The initiative is designed to relieve regulatory pressure on digital asset trading.
Speaking at a round encoding table on April 11, Uyeda highlighted the growing separation between the current regulations and the facts of Blockchain innovation.
SEC is a federal licensing model to simplify the compliance of encryption
UYEDA is similar to the development of the first days of encryption markets of US stock circulation, which started under the Buttonwood tree in New York City.
He said that the first brokers invented rules that suit their time’s needs. In the same way, contemporary organizers must now consider the frameworks that are in line with the distinguished structure of encryption platforms.
Unlike traditional stock exchanges, coding trading systems often combine custody, implementation and disinfection on one platform. Blockchain technology makes this integration possible.
Uyeda indicated that this setting can improve transparency, efficiency and rapid trading. It also highlighted benefits such as trading around the clock throughout the week through smart contracts and coordinated side management through the distinctive symbol.
“Blockchain technology provides the ability to implement and wipe securities transactions in ways that may be more efficient and reliable than current operations”, Uyeda. He said.
However, Uyeda acknowledged that US Securities Law Engineers have never expected Blockchain technology or decentralized systems. As a result, compliance challenges have emerged as many distinctive securities remain unregistered and not qualified for national exchanges.
Besides, it is also difficult to apply the current rules, such as the rule of protection protection, in hybrid trading environments where the assets move between the systems in the chain and outside the chain.
UYEDA also criticized the current patching of the state licensing requirements separately, which creates barriers for encryption companies aimed at working worldwide.
To treat these gaps, Uyeda has suggested a conditional relief framework that can support experience while maintaining investor protection. He also suggested that a unified federal license model under SEC can simplify compliance and promote the consistency of the market.
“Under a comfortable federal organizational framework, some market participants may prefer to provide trading in both symbolic securities and non -security coding assets under a single license from SEC instead of submitting trading only in non -security encryption assets under fifty different state licenses.”
However, industry experts called for a recommendation in specific areas where such relief would open cases of practical use without undermining the safety of the market.
Uyeda notes indicate the increasing SEC awareness that regulating digital assets should develop. Although long -term reform may take time, the proposed relief framework may create room for innovation without prejudice to market societies
Disintegration
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